Mellon Financial is considering a sale of its Mellon's Human Resources...

Mellon Financial is considering a sale of its Mellon's Human Resources & Investor Solutions unit. During a conference call on Wednesday after Mellon announced its earnings, Martin McGuinn, chairman and CEO, said, "As we weigh the investment options for all of our core sectors ... we continue to review the options for our HR&IS businesses." Revenues for the unit were down 2.8% in 2004, and increased competition has caused Mellon to reconsider its options for the business, Mr. McGuinn said.